The genesis of Porto Montenegro came when its primary investors identified an extraordinary opportunity, an overwhelming demand for yacht berths around the Mediterranean. With this, they sought to create a world-class marina that would satisfy the growing shortage, while allowing buyers to share in the long-term capital appreciation that waterfront property and berths have enjoyed over the past 50 years.
Previously a historic naval base, its transformation into a luxury yacht marina has been led by some of the world’s most respected business figures including, UK businessman Lord Jacob Rothschild and the founder of luxury conglomerate Louis Vuitton Moët Hennessey, Bernard Arnault. Headed by Peter Munk, founder and former chairman of Barrick Gold, many are yachtsmen themselves and bring an extensive array of capital, expertise and contacts to the project.
Currently offering 450 berths for yachts 12 – 180m, it is planned by completion to offer 850, of which 350 will be specifically reserved for superyachts – the largest offering in Europe. Complemented by private residences, a five-star Regent Hotel and Residences, shops, restaurants, sports and leisure facilities, Porto Montenegro has attracted a vibrant year-round international community and is one of the fastest selling developments in the Mediterranean.
It is no wonder why Superyacht Business says, “The Bay of Kotor is probably one of the most stunning places to start or finish a charter.” Located in the beautiful UNESCO protected Bay, Porto Montenegro combines a spectacular destination with world-class marina and services. The country’s yacht-friendly legislation allows multiple changes to passenger and crew manifest throughout the season, as well as the flexibility to both pick-up and drop-off in Montenegro. Charter yachts also benefit from 0% VAT.
Located a short distance from the Croatian Border and at the base of the Adriatic Coast, Porto Montenegro is the perfect charter base for the Dalmatian coast, Ital and Greece, with access to over 4000 islands, whilst still only a short sail away from the traditional cruising grounds of France and Spain. No more than a few hours from most major European cities, Montenegro is easily accessible.
Complemented by private residences, a five-star Regent Hotel and Residences, shops, restaurants, sports and leisure facilities, Porto Montenegro has attracted a vibrant year-round international community and is one of the fastest selling developments in the Mediterranean and has gone on to win the 5 Gold Anchor Award by The Yacht Harbour Association.
For more information, please contact us at info@yacht-zoo.com.
